I am having a wonderful Mother’s Day. How appropriate this post is about children. I have two children. My daughter loves school, my son could barely attend school. This is for my son who wants FI. He will be 20 years old this year and here is the plan we have formulated. Why? I had to ask him why he wanted FI. He said that I seemed to have a pretty great lifestyle. Now that was music to my ears since sometimes, you don’t think…Continue Reading “FI My Kid”→

I have met some very lovely people since I started this blog. Here is brief list of some of my favorite physician bloggers. Canadian Dr. Networth The Loonie Doctor Financially Free MD American A Good Life MD Crispy Doc Dads Dollars Debts Dr. McFrugal DiverseFI Doctor of Finance MD Dr. Cory Fawcett Millionaire Doc Passive Income MD Physician on Fire The Happy Philosopher The Wall Street Physician WealthyDoc

I feel a great need to decrease financial complexity. I am sure there are others who feel the same way. It is this uncomfortable feeling that you are not on top of things. I have never been one who could multitask effectively. They say women can multitask better than men but I simply do not work that way. I will often take the simpler way to do anything even if I lose a bit of money doing things that way. I believe that I have…Continue Reading “Financial Complexity”→

My own investing experience has helped me realize that it is simpler to pick one strategy and stay with it. That may work for certain things with investing but there are other areas where that does not even begin to address the issues. Black and white thinking is simple but I would argue that it is certainly not easier for some things. Early Retirement There are a plethora of websites proposing early retirement. That may work for those who have clear reasons to stop their…Continue Reading “Binary Living”→

This is a fun blog post for me. I want to detail my best investment failures. And there were a few. Enjoy a good laugh on us. Cause here goes nothing. The whole point of writing this post is to show any later stage docs that you will get where you want even with a plethora of mistakes. Ours were not small mistakes. Most people would look at these numbers and freak out!! But I was always able to keep the simple controllable things correct….Continue Reading “Investment Failures”→

Asset Class Safety Liquidity Return Tangible Equities X X Bonds/GIC X X Real Estate X X X Cash X X Gold/Silver X X X Ways To Reach FI There are mainly a few ways to reach FI: Traditional method of saving a large paper portfolio and living off the following. Safe withdrawal rate of 3-4% Dividend income Investment real estate with positive cash flow method Starting a business Most of us will use some combination of the three methods and a select few will have…Continue Reading “Asset Diversification”→